Milwaukee central city school to be converted to affordable apartments under new proposal

A former school on Milwaukee`s north side would be converted into 82 affordable apartments under a new development proposal.

Royal Capital Group LLC would buy and redevelop the former Phillis Wheatley Elementary School, 2442 N. 20th St., according to a Common Council resolution posted Wednesday.

Royal Capital would renovate the building into a 44-unit apartment building for families, and also construct 38 new town homes on the site, the resolution said....

...The development would cost an estimated $19.9 million.

   ...more

Ken Notes: I like this project, but the per unit cost is 250K. I wish we would develop smaller affordable housing that is actually affordable. These projects will will require public support forever and this is how we get upside down as an economy.



- - Volume: 6 - WEEK: 42 Date: 10/18/2018 7:58:55 AM -